Omaha daily bee., 1887-09-20
The SPECULATIVE MARKETS.
A Decrease Instead Of an Increase Shows
Itself in the Visible Supply.
AN EXCITING DAY FOR SHORTS.
Rye and Timothy and Flax Seeds Re.
ceiving More Attention--Cat,le
In Large supply-Hogs
Active-Quotat atiOns.
CHICAGO PRODUCE MARKET.


CHICAGO PRODUCE MARKER.
CHICAGO, Sept 1a-lSpecial Telegram to
the BEE.j-The market started of slow.
Cudahy bought little, as did Linn, while
Fleming and Boyden were buying October
as usual, and for parenthesis 1t might be
well TO say they that have been buying
good deal Of October lately, some Of which
has been sold against December. The sell
ing was scattered. George e. Walkers firm
seems TO be one Of the freest sellers OF De-
cember, but the figures-6sk for October,
were too low down 10 induce much new SELL
ing, SO the buyers prove more numerous than
sellers, and instead Of going TO pieces as the
bears predicted IL would on the large increase
in the visible, It steadied up, advancing
fractionally with fair volume of trade. A
little farther on, with receipts large at Min
neapOls and a large increase in New
York's stock, offerings carried the market
back to 6sss, but 1t did not
stay there long and q new
element Of strength commenced showing
itself In the fact that the visible supply
figures began to surprise all parties by failing
TO carry out the anticipated large increase
and finally developed q decrease OF 5000
bushels and October advanced to CSC, ruling
quite firm. Cables were lower, but did not
attract much attention. The decrease in the
visible supply 0vershadOwed any other news,
and the market strengthened from buying
on that account and closed at 6SX@69c for
October, 7OAc for November, 7l5Sc for De-
cember and 77c for May. Freight rates BY
railways were restored to tariff rates and
were hard as rock This means a 1Oc ad-
vance IN them from the recent cut rates.
Corn was full Of the contradiction that it
was going to nothing on big receipts and the
large local deliveries made Saturday, but the
friends addicted to the short side and con-
find Q shipment Of 900 bushels posted on
the blackboard, and after hammering the
market while at the opening. thought better
Of covered Tnat shorts hsy could
the same direction, October reacted from
40xc to 4l4c. The fact that a line Of cash
corn Of nearly or quite million bushels has
for several months has been q mystifying
thing and shippers worked under disad-
vantage from 1t, II being hard to get hold of
the receipts for the concentrating and easy
loading OF cargOes Saturday. This corn was
delivered out on October contracts, having
been sold for October lately around 6211c to
lower prices, and 1t was expected this was
going to deMOralize the market, but the ship
ping demand constantly outlined in this
paper was not only equal to it but absorbed
It and shipped it, and cried for more, but it
filled lots OF orders for New England and
Canadian points and may result In q little
Stacker demand for few days, thus holding
the market down, unless some incentiee like
smaller receipts should counteract its in
fiuence. There was fair trade throughout
and disposition was shown to make pur-
chases. The principal trade was in May,
which closed at 441c and October at Ale.
Rye Is receiving more than usual attention,
and an advance OF &c per bushel has been OBJ
tained for the past week or 47c for No. 2
cash and 4Sc for October.
September. ana on the light quantity buyers
have found 1t easy to name the rates and
now the price for this month is about 10c
above No. l, and no gram coming to fill con-
tracts. No. . cash sold at 75c, while seller
October was hardly up to 66c.
Seeds are receiving more attention and
dealers In timothy and fax are doing larger
business than IN all the smaller grain mar
was broken of 10 4222@2.23 for prime cash
and flax has steadily declined &c per bushel
within week, or to xl.03x for No. l cash or
seller October to-day. while clover has been
slow all fall and Is now down to $4.10@a4. Is
In provisions the week opened with a
SnG bs %asss ssds gs d5sssps Of a9g
what bullish feeling and better prices were
the rule. Based on Saturdays closing, pork
for year delivery was advanced l0c and for
ribs for September and October Is, and
January nc, September and October SOC
and January ne. The upward turn In Sep
tember and October short ribs, which were
bought freely by the controlling house, was
the principal feature of the day. The jan
uary product was regarded with consider
able favor In the speculation witnessed,
which was only moderate for January. Pork
sold at $l2. 20@l2. 80, lard at $6371 l@6. 40 and
short ribs at $6.25@6.27, closing ali around at
the best prices named. September lard and
which sold for lard at Sc. .S211fa6.371S and for
short ribs at SS.22la9S.5O. For October lard
closed at $8.35Qe6.371< and short ribs at so.
November lard closed at $6.321f. December
lard at So S5 and year pork at Sl2.00. Cash
property was quiet
AFTERNOON SEssION-Wheat easier; Sep
tember closed st about 67N4671ac; October
sold at 6SK@6Ss4c, closing at about 6sslGD
Gs Noye%Hsr saIS st closed %th sellers %
7lSsc; May sold from 77e to 10y l@7eJsc on the
split. closing at 6sIol76}sc. Corn firm; Octo
Der sold at 4l@4lhc, closing at A94l18c;
November sold at Al Il s(04lAc. closing at ii u
@4lhc; May sold at AsS@4ilS@44sSc on the
split, closing at 441<c bid. Oats steady; Sep
tember about 251sc; for October 2514 925sSC
was bid; November about 25s%c; May sold al
29Ac and closed at 1890 bid. Pork sold and
closed at 81. 80 for January; year was nOm
S6.s5 for September and October. $6:s2h fol
. November, .35 for December and $6.40 fol
January; trading was light Short ribs SOLD
for October at &S.42}S0S45 and closed a
&S.421S. q decline Of TIC. January sold a
S6.271S46U and closed at $3.50.
CHICAGO LIVE STOCK